USDCAD stays in the upward price channel on 4-hour chart, and remains in uptrend from 1.0886, the fall from 1.1385 is likely consolidation of the uptrend. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.1500 area. Only a clear break below the channel support could signal completion of the uptrend.
